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Meaning of “economic theory” in the English Dictionary

"economic theory" in Business English

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economic theorynoun

uk   us   ECONOMICS
[U] the ​ideas and priniciples that ​aim to describe how ​economieswork: Basic ​economictheorystates that if ​wages are too high, ​economicgrowth will suffer.
[C] a particular ​idea or ​principle that ​aims to describe how an ​economyworks: He ​disagreed with ​supply-sideeconomictheories.
(Definition of economic theory from the Cambridge Business English Dictionary © Cambridge University Press)
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“economic theory” in Business English

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